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While the United States and Europe medical device markets face backlash from the economic slowdown, the Russia-Ukraine war, and the cost-of-living crisis, the APAC medical devices market continues to record phenomenal growth. However, 2023 will be challenging for APAC medtech due to uncertainties arising from the anticipated market slowdown and oth...

05 May 2017  |  Africa  |  Market Research

African Commercial Vehicles Market, Forecast to 2025

Despite Slowdown, the Market is Expected to Grow at a Robust CAGR of 6.1% until 2025, Driven by Increasing Infrastructure Developments

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The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, un...

In 2023, the global light vehicle industry experienced a 6.5% growth, driven by economic recovery and resolved semiconductor chip supply chain challenges. China, the United States, India, Japan, and Germany experienced positive growth. China took the lead with 11% YoY growth in vehicles sold. Of the 14.1 million EVs sold in 2023, 70% were BEVs. ...

China is entering a decade of macroeconomic transformation, with growth expected to moderate from an average of 5.7% between 2015 and 2025 to 3.7% between 2025 and 2035. This slowdown is being driven by structural factors like population aging, property sector correction, and shifting global trade dynamics. In this scenario, China is accelerating i...

High-performance polymers (HPPs) represent the most advanced class of engineering plastics. They are designed to deliver exceptional performance in environments where conventional plastics and metals are unable to meet stringent operating requirements. These materials exhibit outstanding thermal stability, mechanical strength, chemical resistance, ...

The space industry is transitioning, especially with growth in the development of small satellites capabilities. New entrants are revolutionizing the space ecosystem, attracting investments from the government and private ventures. Low-cost satellites, with its proven technological and economical capabilities have attracted existing space players t...

This research service discusses how the high population and urbanization of India is putting severe pressure on Indias water resources. Ground water and fresh water are the major resources of India and both are not adequate to meet the growing demand from various sectors. These sectors include agriculture, industry, and domestic use. This situatio...

With air pollution becoming a health hazard, there is very little that citizens can do to immediately address the problem; this is where the air purifier comes into play. In recent years, the air purifier market has witnessed a hike in demand fueled by degrading air quality and increasing concern toward health issues. The air purifier industry is d...

The analysis focuses on the primary regions and competitive environment at the sub-segment level and includes competitive structure and market share data at the overall level. The aerospace sector is one of the leading end-use industries in material development innovation, which has led to the adoption of composites in other major end-use industrie...